Popular Post andhra_jp Posted August 21 Popular Post Report Share Posted August 21 ’Amazon investment won’t support Indian economy’: Piyush Goyal flags ‘predatory price’ risks for local retailers Union Commerce Minister Piyush Goyal has flagged predatory price concerns for small and local retailers in India, saying that multinational e-commerce platforms such as Amazon are not ‘citizen-centric’ and will not support the Indian economy. "When Amazon says we are going to invest a billion dollars in India and we all celebrate, we forget the underlying story that this billion dollars is not coming for any great service or investment to support the Indian economy," said Goyal. Shri Goyal said that technology is a means to empower, to innovate and means to meet consumer requirements - sometimes more efficiently. But this growth must be in an orderly fashion, he said, adding that in the race for market share, we must not cause disruption for the 100 million small retailers across the country. 3 Quote Link to comment Share on other sites More sharing options...
andhra_jp Posted August 21 Author Report Share Posted August 21 Quote Link to comment Share on other sites More sharing options...
andhra_jp Posted August 21 Author Report Share Posted August 21 1 Quote Link to comment Share on other sites More sharing options...
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Joker_007 Posted August 21 Report Share Posted August 21 is his post going to be oosted or what... Quote Link to comment Share on other sites More sharing options...
Popular Post futureofandhra Posted August 21 Popular Post Report Share Posted August 21 Ambani adani ki isthey logic set ayidhi Comedy batch 3 Quote Link to comment Share on other sites More sharing options...
andhra_jp Posted August 22 Author Report Share Posted August 22 Piyush Goyal says India not against e-commerce, but wants fair play "What the country only desires is fair play and honesty to the customer and supplier of goods and services. And to ensure our people also has a fair chance to compete against such online businesses," Goyal said, adding that India is "not against online at all." On August 21 at an event in Delhi, Goyal said that massive investments by Amazon in India is no cause for celebrations as the money only fills the company’s losses. He had further remarked that Amazon incurred huge losses because it follows predatory pricing. A day later during an address in Mumbai, Goyal in an attempt to step back on his offense said, "online e-commerce has tremendous benefits, it has the benefit of convenience, it has the convenience of speed." In India, global e-commerce companies can operate independently as marketplace businesses. However, foreign direct investment (FDI) regulations prohibit global retail companies from operating independently in offline retail. FDI in multi-brand retail is allowed only up to 51 percent and that too with local partnerships. Even then, government approval is required. "We are very clear that we want to invite FDI, we want to invite technology, we want to invite the best of the world. And we are not against online at all. We want to invite online to come here and serve all of you," Goyal assuaged. Quote Link to comment Share on other sites More sharing options...
CanadianMalodu Posted August 22 Report Share Posted August 22 On 8/21/2024 at 7:54 AM, futureofandhra said: Ambani adani ki isthey logic set ayidhi Comedy batch He's not wrong. US lo small retailers ni almost lepesaru. No more family pharmacies, family held book stores, retail stores so on so forth. It's all big monopoly. They fix the price. Idhi India lo contract syndicate madhiri. Ambani is a big business house but in retail, it has less than 2o,ooo stores. That's relatively still a small number in $1 trillion Indian retail market. Adani is not into retail, no? 2 Quote Link to comment Share on other sites More sharing options...
8pm Posted August 22 Report Share Posted August 22 cheste giste reliance vade cheyyali... coz he is an indian 1 Quote Link to comment Share on other sites More sharing options...
Hitman Posted August 22 Report Share Posted August 22 INDIA will go dogs. Most of indian familes survive on small businesses. This mafia is already killing many small business in small tows. Govt will not be able to provide employment for 600 million youth. Better DO NOT encourage e-commerce Quote Link to comment Share on other sites More sharing options...
futureofandhra Posted August 22 Report Share Posted August 22 6 minutes ago, CanadianMalodu said: He's not wrong. US lo small retailers no almost lepesaru. No more family pharmacies, family held book stores, retail stores so on so forth. It's all big monopoly. They did the price. Idhi India lo contract syndicate madhiri. Ambani is a big business house but retail, but is having less than 2o,ooo stores. That's relatively still a small number in $1 trillion Indian retail market. Adani is not into retail, no? adani spices chudaledha Quote Link to comment Share on other sites More sharing options...
Anta Assamey Posted August 22 Report Share Posted August 22 Is he saying Amazon not to invest... Quote Link to comment Share on other sites More sharing options...
CanadianMalodu Posted August 22 Report Share Posted August 22 26 minutes ago, futureofandhra said: adani spices chudaledha Avi Chinna chitaka. Money laundering upayogapadayi anthe. Amazon is ANACONDA. Amazon ki US government printed money support full ga undhi. Monna COVID appude 3billion dollars plus relief icharu. Daniki double kante ekkuva dollar support icharu. Contracts vishayam cheppakarledhu. Vaadu India lo loses ki ammaina market share vachedhaka, already vachindhi Chinna retailers sardhukovalsindhe. Then pricing lepithe chesedhi emi undadhu. Jio tried the same thing, migitha companies merged for competitive pricing. Chinna retail lo alantivi undavu. There is no concept of share holders and investors money. It's all family's blood and sweat. 1 Quote Link to comment Share on other sites More sharing options...
CaptainMaverick Posted August 22 Report Share Posted August 22 2 minutes ago, CanadianMalodu said: Avi Chinna chitaka. Money laundering upayogapadayi anthe. Amazon is ANACONDA. Amazon ki US government printed money support full ga undhi. Monna COVID appude 3billion dollars plus relief icharu. Daniki double kante ekkuva dollar support icharu. Contracts vishayam cheppakarledhu. Vaadu India lo loses ki ammaina market share vachedhaka, already vachindhi Chinna retailers sardhukovalsindhe. Then pricing lepithe chesedhi emi undadhu. Jio tried the same thing, migitha companies merged for competitive pricing. Chinna retail lo alantivi undavu. There is no concept of share holders and investors money. It's all family's blood and sweat. Bongulo printing press okati esukuni tissue papers ni India lo dump chesthunnaru! Amazon ni line lo pettaka pothe adi inko East India company avuthundi! Quote Link to comment Share on other sites More sharing options...
Konebhar6 Posted August 22 Report Share Posted August 22 8 hours ago, CanadianMalodu said: He's not wrong. US lo small retailers ni almost lepesaru. No more family pharmacies, family held book stores, retail stores so on so forth. It's all big monopoly. They fix the price. Idhi India lo contract syndicate madhiri. Ambani is a big business house but in retail, it has less than 2o,ooo stores. That's relatively still a small number in $1 trillion Indian retail market. Adani is not into retail, no? Very true. There are a lot of county's in USA where big retailers like Walmart/Costco are not allowed to operate to save the interests of small businesses. Quote Link to comment Share on other sites More sharing options...
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